OGRA (The Oil and Gas Regulatory Authority) has recommended increasing the price of petroleum products, and PM has approved the summary. The reason given for the increase is the devaluation of PKR to some extent and international price fluctuation due to Middle East region tension.
Products | Existing Prices w.e.f 16/12/2024 | New Prices w.e.f 01/01.2025 | Increase/Decrease |
High Speed Diesel (HSD) | 255.38 | 258.34 | +2.96 |
MS Petrol | 252.10 | 252.66 | +0.56 |
Pakistan's defense budget is not equal to India's, as their economy is better than Pakistan's; however, Pakistan has a wide range of nuclear and non-nuclear missiles that can cover a range even outside of India.
FBR has sent its summary to federal cabinet to withdraw exercise duty for properties for everyone and the recommendation are likely to approved by the PM.
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